LLC Company Formation

Forming an LLC is the most common way to establish a business in Dubai, UAE. Starting a business in Dubai provides access to the entire UAE market and creates a regional presence, enabling entry into a larger market. Setting up an LLC in Dubai involves several steps.

This process requires various documents and two key approvals (initial and final). However, the entire procedure can be efficiently managed by reputable consultancy firms. These firms can liaise with local authorities and simplify the otherwise lengthy and complex process.

Benefits of LLC Company Formation

Option for an investor to launch branches in any emirate
No minimum capital requirements
Permits you to do local trade and services
Enjoy World class infrastructure
Warehouse and office facilities
Offers supreme access to the wider UAE economy
No involvement or local partner in day to day business activities
Easy to open corporate bank accounts and credit facilities
The most popular form of establishing a commercial company in the UAE
Offers supreme access to the wider UAE economy
Investor getting investor visa without a security deposit

Requirements for LCC Company Setup in Dubai

A local sponsor is required for LLC formation in Dubai. This local sponsor will hold 51% of shares while the foreign investor will retain the remaining 49% shares. Company owners have 100% shares in case of professional license
You are only allowed to perform industrial or commercial business activities after Dubai LLC company formation. These Dubai LLC companies are not allowed to practice legal consultancy, other consultancy services, accountancy & auditing of financial statements and most of the professional activities
A limited liability company should have a minimum of 2 and maximum of 50 partners
Shares of Dubai LLC Company can’t be offered to the public subscription to establish or increase capital and loans
The name of LLC Company in Dubai should be the same according to its activity mentioned in Dubai name
Minimum one and maximum 5 managers are required. Shareholders can also be appointed as managers. These managers are responsible to manage the day to day activities

As previously noted, LLC company formation in Dubai requires two types of approvals: initial and final. Each stage involves submitting different sets of documents. Foreign investors interested in setting up an LLC will need to provide these documents to the appropriate authorities.

Documents required for initial approval

Copy of passport of local sponsor along with the family book.
Passport copy of the foreign investor
Application for Dubai company formation and license, along with reserved trade name
Copy of no-objection certificate from the current sponsor if the applicants have a residence Visa.
Copy of passport of proposed directors and general manager
Copy of Emirates ID (for UAE nationals only)
Copy of no-objection certificate from the current sponsor if the applicants have a residence Visa.

Documents required for final approval

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